JAPAN ACTIVISM: Silchester Goes After Bk of Iwate - Cheaper Than Chips

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224 Views, 09 May 2022 09:14

EXECUTIVE SUMMARY

Silchester has written letters to four Japanese regional banks where they hold large stakes asking for higher dividends and payout ratios. It has proposed a special div AGM agenda item.
Bank Of Iwate (8345 JP) is nearly 40% held by cross-holders and government-affiliated entities, and Real World Float is less than 50%. Winning at the AGM is tough.
The collection of banks is mixed. But this one is cheap. Cheap as chips. Or cheaper.

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